RATE Group | Tencent Creating Team to Penetrate Cryptocurrency Market
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Tencent Creating Team to Penetrate Cryptocurrency Market

27 Dec Tencent Creating Team to Penetrate Cryptocurrency Market

Posted at 16:38h in Cryptocurrency News by

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Tencent Holdings TCEHY is reportedly creating a new digital currency team to explore possible new uses of cryptocurrency.

Per a report, the company issued an internal notice informing employees that it was looking for someone to head its new cryptocurrency research unit.

The team will look at ways to use digital currencies on Tencent’s payment platform as well as other possible business applications. The team will also reportedly work on developing China’s digital currency electronic payment (DCEP) pilot project in the city of Shenzhen.
 

Tencent Holding Ltd. Price and Consensus

Tencent Holding Ltd. Price and Consensus

Tencent Holding Ltd. price-consensus-chart | Tencent Holding Ltd. Quote

New Venture to Boost Growth

The new team is expected to advance Tencent’s payment strategy layout and ensure the long-term development of its payment business.

Notably, Tencent’s WeChat Pay was one of the largest payment processors in the world with 1.15 billion monthly active users at the…

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